Here’s a quick analysis of the BTC/USDT
📊 Market Overview
Current Price: $111,526
24h High / Low: $112,575 – $110,528
24h Change: +0.38% (mild bullish)
Volume: 10,825 BTC (~$1.21B USDT)
🔎 Technical Insights
Trend (15m Chart): BTC recently tested resistance at 112,575 but failed to hold. Currently retracing near 111,500, showing short-term weakness.
Support Zone: Around 110,500 – 111,000 (24h low and recent bounce).
Resistance Zone: Around 112,500 – 112,600 (24h high).
Momentum: Slight selling pressure visible, but not a strong breakdown yet.
🟢 Bullish Signs
BTC still trades above its 24h low.
Long-term (90D, 180D, 1Y) growth remains strong (+8% to +92%).
🔴 Bearish Signs
Short-term trend (Today & 7D) is negative (-0.41%, -0.40%).
Price rejected from 112,575 and is testing support.
⚖️ Summary
Short-term: BTC is consolidating between 110,500 – 112,500. If it loses 111,000, more downside likely.
Medium-term: Trend remains positive unless BTC falls below 110,000.
Trading View: Best to wait for confirmation — breakout above 112,600 (bullish) or breakdown below 110,500 (bearish).
